Alternus Energy Group Stock Market Value
| ALTNF Stock | 0.52 0.00 0.00% |
| Symbol | Alternus |
Alternus Energy 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Alternus Energy's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Alternus Energy.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Alternus Energy on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Alternus Energy Group or generate 0.0% return on investment in Alternus Energy over 30 days.
Alternus Energy Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Alternus Energy's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Alternus Energy Group upside and downside potential and time the market with a certain degree of confidence.
Alternus Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alternus Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Alternus Energy's standard deviation. In reality, there are many statistical measures that can use Alternus Energy historical prices to predict the future Alternus Energy's volatility.Alternus Energy Group Backtested Returns
We have found three technical indicators for Alternus Energy Group, which you can use to evaluate the volatility of the firm. The firm shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and Alternus Energy are completely uncorrelated.
Auto-correlation | 1.00 |
Perfect predictability
Alternus Energy Group has perfect predictability. Overlapping area represents the amount of predictability between Alternus Energy time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Alternus Energy Group price movement. The serial correlation of 1.0 indicates that 100.0% of current Alternus Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 1.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Alternus Energy Group lagged returns against current returns
Autocorrelation, which is Alternus Energy pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Alternus Energy's pink sheet expected returns. We can calculate the autocorrelation of Alternus Energy returns to help us make a trade decision. For example, suppose you find that Alternus Energy has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Alternus Energy regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Alternus Energy pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Alternus Energy pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Alternus Energy pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Alternus Energy Lagged Returns
When evaluating Alternus Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Alternus Energy pink sheet have on its future price. Alternus Energy autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Alternus Energy autocorrelation shows the relationship between Alternus Energy pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Alternus Energy Group.
Regressed Prices |
| Timeline |